Purpose

Here Are Ways to Send Money to Cambodia Better and Faster

Information verified correct on December 10th, 2016

Send money to Cambodia without breaking the bank when you use the services of a specialist money transfer company.

The southeast Asian nation of Cambodia boasts a wonderful array of attractions for tourists, from the ancient majesty of Angkor Wat through to the bustling modern city of Phnom Penh. So if you need to send money to Cambodia – maybe a friend or relative of yours is travelling through Cambodia and has run out of cash – it’s always a good idea to shop around and find the most affordable transfer option.

Compare Money Transfer Services

Rates last updated December 10th, 2016

Transfer amount

Sending from

ToSending to

Min. Transfer Amount

Transfer Speed

Services

Online Transfer Fee

Rate

Amount Received

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Banks versus money transfer companies

When you need to send money overseas, one of the first transfer options you can choose from is your bank. Most Australian banks will make it easy for you to send money to Cambodia – the problem is that they will usually charge high fees and take more than their fair share of your money through poor exchange rates.

In response to the disappointing deal offered by banks, recent years have seen the emergence of a range of specialist money transfer companies. These providers are experts when it comes to transferring money abroad, and they can usually do so much more cheaply than the banks. Their exchange rates are better, their fees lower, and they offer safe and secure online transfers to destinations around the world.

Case Study: Bianca Sends Money to Cambodia

Bianca needs to send an urgent cash transfer of $1,000 to her sister Jamie-Lee. Jamie-Lee is backpacking through Cambodia but has unexpectedly run out of money, so she needs a quick injection of cash from her sister as soon as possible. In an effort to find the best possible deal, Bianca compares her bank to a specialist transfer company.

Australian bank

Cash pickup transfer company

Exchange rate

1 AUD = 0.6664 USD

1 AUD = 0.6878 USD

Transfer fee

$22

$20

Transfer method

Bank transfer

Cash transfer

Processing time

10 minutes

10 minutes

Amount received (in USD)

$651.73

$687.80

Difference

+ $36.07 USD

Bianca is unable to transfer KHR or the Cambodian Riel as it’s an exotic currency. By using a specialist service, she can save $36.07.

How do I compare transfer companies when transferring and receiving money via Cambodia?

Exchange rates. Check to see how each provider’s exchange rates compare with those of other transfer companies. You should also be aware that exchange rates are only one factor that can influence the cost of transactions – you’ll need to consider transfer fees as well.

Transaction fees. You will typically need to pay a fee each time you send a transfer, so compare all the fees each company charges. Sometimes also offer fee-free transactions on large transfers.

Flexible options. Limit orders and forward contracts allow you to get a better exchange rate, while scheduling regular payments in advance can save you time.

Transfer time. Processing times can vary between providers from 10 minutes to several business days.

Minimum transfer amounts. Some companies will require you to send a minimum amount each time, or even impose a maximum limit on the amount you can send. Check to see whether those limits will affect your regular transfer needs.

Pickup options. Will your recipient collect cash from a transfer agent or receive the transfer into their bank account?

Customer service. Check to see how you can access customer service from the provider and when?

Emergency cash transfers in Cambodia

If your beneficiary in Cambodia needs an urgent cash transfer, there are several companies that offer this type of service. However, you should be aware of the fact that these transfers tend to cost more than online transfers. High fees and poor exchange rates usually apply, so it’s always a good idea to review the full cost of your transaction before you actually commit to it.

If you want to send a fast cash transfer from Australia to Cambodia, Western Union and MoneyGram can help. With hundreds of thousands of locations around the world, they specialise in convenient international transfers. You can see the details of some Cambodian cash pickup locations below – just make sure you have photo ID and a transaction ID number handy when picking up cash.

Tips for picking up cash in Cambodia

The Department of Foreign Affairs and Trade advises Australian visitors to Cambodia to exercise normal safety precautions. And no matter where you are in the world when picking up cash from a transfer agent, it pays to keep the following safety tips in mind:

What are the steps to send money to Cambodia?

Although different transfer companies have different transfer methods, you will usually need to:

Sign up for an account. The transfer provider will need your full name, your contact information and proof of ID. You can usually sign up for a free account online.

Enter your transaction details. You’ll need to tell the transfer provider where you’re sending money, how much money you’re sending and in what currency.

Pay for your transfer. The final step is to review the details of your transfer and then pay for your transaction. You can usually monitor the progress of your funds through the transfer provider’s online tracking service.

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Important Information

finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, we may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.